In a short response, essay students are to respond to the two questions below.
-Describe what you think of the current U.S. economy and labor market. Make sure to include the types of goods and services that the U.S. produces and the types of workers that are needed to achieve those products.
-What are the effects of rapid technological changes that are occurring in the economy now and what impacts will those changes take on the international global stage.
1. The current U.S. economy and labor market is very tailored for specific people especially if you are looking into the labor market. Obviously the current U.S. economy is continuing to try and get back to its old ways because of this pandemic and how it affected so many businesses and imports and exports for a good period of time. However for the labor market it seems to have continued to be the same for a while because the hardest working and riskiest industrial workers are mainly immigrants in the minority group that are willing to work very hard for such a small amount of pay. The U.S. produces many goods and services like transportation as one of their main services, and industrial machines and automotive parts for their goods. The types of workers needed for this are people like engineers and assembly line industrial workers to make it all efficient.
ReplyDelete2. One of the main effects that rapid technological changes are making in the economy is there is becoming less of a need for assembly line workers because technology is advancing to create robots to do all the hard labor for people now. These impacts these changes will make on the global stage is that unemployment will start rising because hard labor jobs will not be needed by humans anymore, and when that happens those laborers realize that was their best talent for jobs and it becomes harder for them to pursue something else.